Living Large Index


	Living Large Index

Josh Lipton

12-11-2007 1:29 PM

1030 views

tags:

affluent consumers

Josh Lipton says:

NY Times reports on Citigroup's creation of the Living Large Index, which is made up of stocks of businesses that target well off consumers.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/c7becd98-5a32-4dad-8cb1-ae7edd2e2081/08AF20F5-EF4F-41C4-A224-5292CB004265/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2007/12/08/business/08values.html?_r=2&ref=business&oref=slogin&oref=slogin" href="http://www.nytimes.com/2007/12/08/business/08values.html?_r=2&ref=business&oref=slogin&oref=slogin" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/12/08/business/08values.html?_r=2&ref=business&oref=slogin&oref=slogin"><P>WHEN times get tough, people with an abundance of disposable income are inclined to keep disposing of it while the rest of us are forced to keep our thinner wallets in our pockets. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/12/08/business/08values.html?_r=2&ref=business&oref=slogin&oref=slogin"><P> With that in mind, Tobias Levkovich, <A title="More information about Citigroup Inc." href="http://topics.nytimes.com/top/news/business/companies/citigroup_inc/index.html?inline=nyt-org">Citigroup</A>’s chief United States equity strategist, has created the Living Large Index, comprising stocks of businesses that cater to affluent consumers. Profits and share prices of luxury-goods makers, higher-end retailers and travel and entertainment companies should hold up even if businesses serving them  suffer from difficult economic conditions, he said. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/12/08/business/08values.html?_r=2&ref=business&oref=slogin&oref=slogin"><P> His index includes names like <A title="More information about American Express Company" href="http://topics.nytimes.com/top/news/business/companies/american_express_company/index.html?inline=nyt-org">American Express</A>, Tiffany, Saks, <A title="More information about Nordstrom, Inc." href="http://topics.nytimes.com/top/news/business/companies/nordstrom_inc/index.html?inline=nyt-org">Nordstrom</A>, <A title="Royal Caribbean Cruises" href="http://www.nytimes.com/mem/MWredirect.html?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=RCL">Royal Caribbean Cruises</A>, the casino operator <A title="Wynn Resorts" href="http://www.nytimes.com/mem/MWredirect.html?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=WYNN">Wynn Resorts</A> and <A title="Callaway Golf" href="http://www.nytimes.com/mem/MWredirect.html?MW=http://custom.marketwatch.com/custom/nyt-com/html-companyprofile.asp&symb=ELY">Callaway Golf</A>.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/08AF20F5-EF4F-41C4-A224-5292CB004265/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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